Question

Find i (the rate per period) and n (the number of periods) for the following annuity Quarterly deposits of $1,000 are made for 5 years into an annuity that pays 8% compounded quarterly i=□ (Type an integer or decimal rounded to four decimal places as needed ) n=
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Quarterly deposits$1,000 Compounding - Quarterly Quarterly compounding means interest amount paying for every 3 months period

Add a comment
Know the answer?
Add Answer to:
Find i (the rate per period) and n (the number of periods) for the following annuity...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT